MapR raises $50M

What does MapR do?

MapR, is the provider of the industry’s only converged data platform. The company provides the industry’s only converged data platform which integrates the power of Spark and Hadoop with the global event streaming, enterprise storage, real time database capabilities, enabling customers in harnessing the enormous power of their data. The company enables organizations in creating disruptive advantage and long term value from their data with their converged data platform, which delivers real time analytics, enterprise grade requirements and distributed processing across on-premise and cloud environments.

How much MapR was funded?

The company raised $50M in Series D on August 9, 2016 from Redpoint, New Enterprise Associates, Qualcomm Ventures, Lightspeed Venture Partners, Mayfield Fund, Future Fund and Google Capital.

Previous funding

$9M in Series A on July 22, 2009 from Lightspeed Venture Partners and New Enterprise Associates

$20M in Series B on August 30, 2011 from Redpoint, New Enterprise Associates and Lightspeed Venture Partners

$35M in Series C on July 26, 2013 from New Enterprise Associates, Redpoint, Mayfield Fund and Lightspeed Venture Partners

$110M in undisclosed round on June 30, 2014 from Mayfield Fund, New Enterprise Associates, Lightspeed Venture Partners, Qualcomm Ventures and Redpoint.

What is next for MapR?

The funding of the company accompanies its consecutive record quarter. It has advanced at a rapid pace in the second quarter, with over a hundred percent increase in bookings more than the previous year. Support agreements and licenses for this platform represented 90% of the entire booking, reinforcing the proven value of this business model. The company’s new funding strengthens its balance sheet as they look forward to an initial public offering.

More about MapR

MapR was founded in 2009 by John Schroeder and Matt Mills. It has its headquarters in San Jose, California. It is a converged data platform